Examlex
A marketing representative, who wants to put the most positive spin on a tally of recent orders, chooses to include ones that have been canceled. This is an example of high-quality data.
Maturity Value
The amount payable to an investor at the maturity date of a financial instrument, typically the principal plus any final interest payments.
60-Day Note
A type of short-term debt where the repayment is due 60 days after issuance.
360-Day Year
An accounting simplification that assumes there are 360 days in a year to facilitate easier interest calculations.
Direct Write-Off Method
An accounting practice where bad debts are written off against income at the time they are determined to be uncollectible, instead of being provided for in advance.
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